Indonesia: Market for 2,2-Oxydiethanol (Diethylene Glycol, Digol) 2024

Market Size for 2,2-Oxydiethanol (Diethylene Glycol, Digol) in Indonesia

In 2021, the Indonesian diethylene glycol and digol market increased by 74% to $X, rising for the fourth year in a row after two years of decline. In general, consumption recorded significant growth. Diethylene glycol and digol consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of X-Oxydiethanol (Diethylene Glycol, Digol) in Indonesia

In value terms, diethylene glycol and digol production reached $X in 2021 estimated in export price. Over the period under review, production saw a perceptible slump. The pace of growth appeared the most rapid in 2017 with an increase of 13% against the previous year. Diethylene glycol and digol production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of 2,2-Oxydiethanol (Diethylene Glycol, Digol)

Exports from Indonesia

In 2021, shipments abroad of X-oxydiethanol (diethylene glycol, digol) decreased by -4.4% to X tons, falling for the fourth year in a row after two years of growth. In general, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 138% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, diethylene glycol and digol exports surged to $X in 2021. Over the period under review, exports showed a precipitous contraction. The growth pace was the most rapid in 2017 when exports increased by 185% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons), Vietnam (X tons) and the Philippines (X tons) were the main destinations of diethylene glycol and digol exports from Indonesia, with a combined 88% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +37.4%), while the other leaders experienced mixed trend patterns.

In value terms, Japan ($X), Vietnam ($X) and the Philippines ($X) were the largest markets for diethylene glycol and digol exported from Indonesia worldwide, together accounting for 89% of total exports.

The Philippines, with a CAGR of +29.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average diethylene glycol and digol export price stood at $X per ton in 2021, increasing by 51% against the previous year. Overall, the export price, however, continues to indicate a mild shrinkage. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the countries with the highest prices were Bangladesh ($X per ton) and Japan ($X per ton), while the average price for exports to Sri Lanka ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of 2,2-Oxydiethanol (Diethylene Glycol, Digol)

Imports into Indonesia

In 2021, purchases abroad of X-oxydiethanol (diethylene glycol, digol) increased by 39% to X tons, rising for the sixth year in a row after two years of decline. Over the period under review, imports saw a prominent increase. The pace of growth appeared the most rapid in 2017 when imports increased by 104%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, diethylene glycol and digol imports skyrocketed to $X in 2021. Overall, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia (X tons), Singapore (X tons) and Thailand (X tons) were the main suppliers of diethylene glycol and digol imports to Indonesia, together accounting for 94% of total imports. Australia and South Korea lagged somewhat behind, together comprising a further 3.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +41.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Singapore ($X) and Thailand ($X) were the largest diethylene glycol and digol suppliers to Indonesia, together accounting for 95% of total imports.

Among the main suppliers, Thailand, with a CAGR of +35.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average diethylene glycol and digol import price amounted to $X per ton, increasing by 70% against the previous year. Overall, the import price, however, continues to indicate a slight shrinkage. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Thailand ($X per ton) and Singapore ($X per ton), while the price for South Korea ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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